Beutel Goodman & Co Ltd. Boosts Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Beutel Goodman & Co Ltd. raised its stake in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) by 0.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,816,365 shares of the business services provider's stock after acquiring an additional 11,357 shares during the period. Beutel Goodman & Co Ltd. owned approximately 2.37% of Interpublic Group of Companies worth $247,034,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IPG. State Street Corp lifted its position in Interpublic Group of Companies by 15.1% during the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider's stock valued at $943,993,000 after purchasing an additional 3,920,975 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Interpublic Group of Companies by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,938,530 shares of the business services provider's stock valued at $362,538,000 after buying an additional 511,607 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Interpublic Group of Companies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider's stock valued at $298,107,000 after buying an additional 81,265 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Interpublic Group of Companies by 25,637.0% in the 4th quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider's stock worth $207,439,000 after buying an additional 7,374,491 shares during the last quarter. Finally, Amundi grew its holdings in shares of Interpublic Group of Companies by 133.6% in the fourth quarter. Amundi now owns 5,402,201 shares of the business services provider's stock worth $150,393,000 after acquiring an additional 3,089,387 shares during the period. 98.43% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Interpublic Group of Companies

In other news, CFO Ellen Tobi Johnson sold 21,427 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $26.82, for a total value of $574,672.14. Following the completion of the sale, the chief financial officer now owns 143,373 shares of the company's stock, valued at approximately $3,845,263.86. This represents a 13.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company's stock.

Interpublic Group of Companies Price Performance

IPG stock traded up $0.09 during trading on Wednesday, reaching $26.21. The company's stock had a trading volume of 1,304,132 shares, compared to its average volume of 4,952,641. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The company's fifty day moving average is $27.35 and its 200-day moving average is $28.85. The company has a market capitalization of $9.77 billion, a P/E ratio of 14.32 and a beta of 1.14. The Interpublic Group of Companies, Inc. has a 1 year low of $25.83 and a 1 year high of $33.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.04). Interpublic Group of Companies had a net margin of 6.45% and a return on equity of 27.10%. On average, research analysts expect that The Interpublic Group of Companies, Inc. will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies announced that its board has authorized a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $155.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Monday, March 3rd. Interpublic Group of Companies's dividend payout ratio (DPR) is 72.13%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BNP Paribas raised Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Friday, January 10th. UBS Group upgraded shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and cut their target price for the company from $29.00 to $27.00 in a research report on Thursday, February 13th. Barclays upgraded shares of Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Argus downgraded shares of Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $33.50.

Interpublic Group of Companies Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.